While home prices appear to remain impervious to high mortgage rates, the overall housing market appears to be stuck in second gear. Home sales so far this year are only slowly bucking last year’s numbers in most markets despite some increase in inventory.
Read More
Welcome to the Lending Buzz, the podcast that gives you the latest news, trends, insights and strategies to help you grow your business. Check it out …
Read More
Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a pre-tax net loss of $645 on each loan they originated in the first quarter of 2024, a decrease from the reported loss of $2,109 per loan in the fourth quarter of 2023, according to the Mortgage Bankers Association’s (MBA) newly released Quarterly Mortgage Bankers Performance Report.
Read More
Move Concierge, a service that connects home services and provides utility support for homebuyers, has made two key hires to its leadership team as part of its recent rebrand and expansion. The company has welcomed Jason Lindwall as President and Sajag Patel as Chief Revenue Officer.
Read More
Dark Matter Technologies (Dark Matter) welcomed Truity Credit Union (Truity) as the latest financial institution to select the Empower® loan origination system. A member-owned credit union with locations in Oklahoma, Kansas and Texas, Truity will leverage the Empower LOS to provide loan officers and members a modern, mobile-friendly experience across home purchase, refi, home-equity and construction loan originations.
Read More
In its May Insights Report, STRATMOR Group explores the opportunities available for financial institutions such as banks and credit unions in the current tough mortgage market. According to STRATMOR, there are several strategies banks can work on right now that don’t directly relate to pricing discipline, cost cutting or operational efficiency, but that can move the dial in terms of gaining market share and improving profitability.
Read More
Alanna.ai, the creator of an AI-powered virtual assistant for title agents, has introduced Secure DocLink, a secure document delivery system that creates a temporary, convenient means to connect real estate agents, buyers and sellers to their title and closing documents without the need for a password or creation of a new account.
Read More
Mortgage Cadence, a subsidiary of Accenture (NYSE: ACN), announced that Jeff Mattice has joined the company as Head of New Logo Sales.
Read More
Corporate Settlement Solutions (CSS), a full-suite provider of commercial and residential real estate settlement solutions, announced an integration with GridBase, the universal Application Program Interface (API) for lender and title collaboration, to improve efficiencies within home equity lending.
Read More
Planet Home Lending, a national mortgage lender, servicer, and asset manager, has hired Bill Shuler as Executive Vice President, Chief Information Officer. With more than 25 years in the financial services industry and decades of mortgage leadership, Shuler will drive Planet’s technological growth and enhance its operational efficiency.
Read More